Originally Posted by
iluvdoco
What the heck is going on with Citi. They might as well exit the premium credit card business entirely.
Their CEO is an idiot who hires other idiots.
How does Citi compete with Chase and others at this point? It's not even just credit cards, but with deposit accounts as well. Can anyone really say Citi Gold (with a $200,000 required minimum) is better than a Sapphire Checking/Investment combination, Wells Fargo Portfolio, or a Bank of America Preferred relationship?
How many devaluations has the Prestige had over the last three years? It doesn't even compete with the AMEX Platinum or Chase Sapphire Reserve anymore.
What incentive is there to get a Prestige at $495 a year?
I suggest anyone who knows how to bank properly put a fork in Citi and find another financial institution.